Volume is anemic, anorexic...typically low volume tends to indicate accumulation/short covering, I do not expect it to go much lower, but I also do not expect it to go much higher...drifting between 1.10 and 1.25 until further news...is there any news pending from the government any time soon?
I have no clue but the chart says .80-1.00 without some kind of upside scenario. In absence of news they are grinding it a few cents every day, put out Alpha Exposure's fraud article, and doing whatever they can to get it to .80.
You have to remember shorts don't own all the calls.
There are 1/2 million shares from "in the money" puts to be exercised as well.
But if GeedoubleUPee bought all the puts that would be a good thing. He'd expect his broker to sell short those shares for him and he'd get another nasty shock when his broker tells him he has to buy to keep his short like the last expiration.
Overall I'd expect the price to raise but without news I don't think we'll see a squeeze.